Natural Gas Pipeline Company Of America

Seventh Revised Volume No. 1

Effective Date: 11/01/2010, Docket: RP10-1223-000, Status: Pending

Second Revised Sheet No. 422 Second Revised Sheet No. 422

Superseding: Substitute First Revised Sheet No. 422

GENERAL TERMS AND CONDITIONS

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(i) Which one of the following methods is acceptable

for bidding on the given capacity release offer:

(1) Non-Index-based release - dollars and cents,

(2) Non-Index-based release - percentage of

maximum rate, or

(3) Index-based formula as detailed in the

capacity release offer

The bids for the given offer should adhere to the

method specified by the Releasing Shipper. The bidder may bid the

maximum reservation rate, in Natural's tariff, as an alternative to

the method specified by the Releasing Shipper except when the

release is index-based for a term of one (1) Year or less or

utilizes market-based rates.

(j) Under a release of storage capacity, whether the

capacity being released is subject to certain conditions on the

sale and/or repurchase of gas in storage inventory and on there

being a certain amount of gas left in storage at the end of the

release and if so, any such conditions;

(k) Whether the release is a Prearranged Asset Manager

Release as defined in Section 19.2(g)(i) hereof, and the Asset

Manager's obligation to deliver gas to, or purchase gas from, the

Releasing Shipper;

(l) Whether the release is a Prearranged Release to a

Marketer Participating in a State-Regulated Retail Access Program,

as defined in Section 19.2(g)(ii) hereof; and

(m) Any other applicable conditions (which must

conform with Section 19.5), including any minimum price condition

and whether the Releasing Shipper wishes to apply a bid evaluation

procedure different than the bid evaluation procedure set forth in

Section 19.10 for evaluating Qualified Bids for its capacity

rights, and if so, all the factors to be used in evaluating

Qualified Bids, including how its capacity rights are to be awarded

in the event of a tie for the highest valued Qualified Bid and

whether the Releasing Shipper has presubmitted a computer diskette

for such bid evaluation procedure pursuant to Section 19.5(a).